Subscribe to NikkoAM-ICBCSG China Bond ETF during the Initial Offering Period (IOP) via POEMS 2.0
- Login to your POEMS 2.0 account > Acct Mgt > Online Forms > IPO Subscription – Irrevocable Form
- Select the IPO that you wished to subscribe for
- Ensure that you read and agree to the prospectus, terms and conditions before you subscribe to the financial product
- Application will close on 12 November 2020, 5pm
- Ensure that you have sufficient cash in your POEMS 2.0 Account to settle for the application (inclusive of subscription amount, commission, transfer fee and GST) on settlement date (16 November 2020, 12pm)
| Subscription Period: | 26 October 2020, 9am to 12 November 2020, 5pm |
| Listing Date: | 24 November 2020 |
| Subscription price: | SGD 1.00 per unit |
| Minimum Quantity | Minimum of 1000 units
1000 units incremental subscription amount |
| Commission Fees: | 0.08% or minimum SGD 8 (Subject to GST) for all account types |
| Transfer Fees: | SGD 10 (Subject to GST) for Cash Management Account Type
Other Phillip Investment Account Types will not be subjected to the transfer fee charge |
| Allotment: | Full allotment |
- NikkoAM-ICBCSG China Bond ETF
- The NikkoAM-ICBCSG China Bond ETF, which will be listing on SGX, provides local investors with easy and convenient access to China government and policy banks bonds.
- China’s bond market – with USD 15 trillion – is the second largest bond market in the world.
- The inclusion of China onshore bonds into global bond indices is likely to attract about USD 280 billion of inflows into China onshore bond market in aggregate.
- China bonds represent unique investment opportunity for a number of reasons:
- The RMB is one of the four designated world reserve currency; USD, Yen, Euro and RMB
- Diversification benefits
- Benchmark yields are generally higher than equivalently rated bonds (Source: Bloomberg, 14 Sep 2020)
| Instrument Type: | Exchange Traded Fund (“ETF”) |
| Tracked Index: | ChinaBond ICBC 1-10 Year Treasury and Policy Bank Bond Index |
| Exchange Listing: | SGX-ST |
| Classification: | Excluded Investment Products (EIP)* |
| Fund Currency: | RMB |
| Dual Share Classes: | RMB class units (listed with USD dual currency) – without dividends distribution*
SGD class units – with dividend distribution* |
| Trading Currency: | RMB USD SGD |
| Dividend Distribution Frequency: | SGD class units (semi-annual distribution)*
RMB class units (no distribution)* |
| Expense Ratio: | Total expense ratio is capped at a maximum of 0.30% per annum* |
| Manager: | Nikko Asset Management Asia Limited |
*Please refer to the Prospectus for more information.
| Key Attributes of the Index | ChinaBond ICBC 1-10 Year Treasury and Policy Bank Bond Index |
| Number of Bonds | 216 (as of 30 September 2020) |
| Average Index Coupon Rate | 3.6% per annum (as of 30 September 2020
The average index coupon rate of the Index is not fixed and may differ from the actual distribution yield of ETF due to fund expenses and the price movement of underlying bonds |
| Average Rating | A+ |
| Bond issuers in Index |
As of 30 September 2020 |
| Date/Time | Title | Venue |
|---|---|---|
| 5 November 2020, Thursday 08:00pm-09:00pm |
Curious about Nikko AM China Bond ETF | Webinar |
Alternatively, you can chat with us using our Live Chat function, call us at 6531 1555, or email us at etf@phillip.com.sg to find out how you can participate in this initial offer.
For more information about ETFs, please visit https://www.poems.com.sg/products/etf/
Terms and Conditions
1 The subscription period for this ETF is from 26 October 2020, 9am to 12 November 2020, 5pm.
2 Online subscription form will close on the 12 November 2020, 5pm. No new application, amendment, and withdrawal are allowed after this deadline
3 All ledger-based accounts are allowed to subscribe for this ETF
4 Cash Trading Account (T) is not eligible to participate in this subscription
5 Only one application is allowed per account
6 Each ETF unit is priced at SGD 1 and minimum order quantity is 1000 units, at incremental order size of 1000 units
7 Commission fee will be a minimum of SGD 8 or 0.08%, whichever is higher of the application value (Subject to GST)
8 There will be an additional transfer fee charge of SGD 10 (Subject to GST) per application for Cash Management Account Type
9 Total Amount Payable are denominated in SGD. Settlement currency will be in SGD.
10 Sufficient funds (inclusive of commission, transfer fee and GST) must be in client’s trading account by 16 November 2020, 12pm
11 Application will be rejected if the account does not have/reflect sufficient funds after 16 November 2020, 12pm
12 ETF units will be credited to clients’ CDP or clients’ sub-account with Phillip Securities Pte Ltd by 24 November 2020
13 Client will receive the full allotment of the number of ETF units that they subscribed to
14 Client can start trading the ETF units after it is listed on SGX on 24 November 2020, 9am
Investments are subject to investment risks including the possible loss of the principal amount invested. You should read the ETFs’ prospectus and the accompanying product highlights sheets for key features and key risks and seek advice from a financial adviser ("FA") or you should assess and consider whether the ETFs are suitable for you before proceeding to invest in the ETFs. Listing on SGX does not guarantee a liquid market for the units of the ETFs, which may be traded at prices above or below its net assets value or may be suspended or delisted. Unlike unlisted unit trusts, investors cannot create/subscribe or redeem ETF units directly with the fund manager of the ETFs. Please refer to the Prospectus of the ETFs for more details.
Disclaimer
This advertisement is intended for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the product mentioned. It does not have any regard to your specific investment objectives, financial situation or particular needs. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units in any fund and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in this advertisement are not necessarily indicative of future or likely performance of any fund. You should read the prospectus of the respective ETFs (which is available on websites of the issuers) and understand their structure and associated risks before deciding to invest. You may wish to obtain advice from a financial adviser before making a commitment to purchase any investment products mentioned herein. In the event that you choose not to obtain advice from a financial adviser, you should consider whether the investment product is suitable for you. This advertisement has not been reviewed by the Monetary Authority of Singapore.
